Order Routing Disclosure

In accordance with U.S. Securities and Exchange Commission (SEC) Rule 606, UBS Financial Services Inc. is publishing statistical information about our routing practices for non-directed orders in U.S. exchange-listed equity securities and options.

The report is divided into four sections: one for securities listed on the New York Stock Exchange, one for securities listed on The NASDAQ Stock Market, one for securities listed on the NYSE AMEX or regional exchanges and one for exchange listed options. For each section, this report identifies the venues most often selected by UBS Financial Services Inc.; sets forth the percentage of various types of orders routed to the venues; and discusses the material aspects of UBS Financial Service’s relationship with the venues.

You may visit the SEC web site for more information on the Disclosure of Order Execution and Routing Practices, Regulation NMS and interpretative frequently asked questions (Staff Legal Bulletin No. 13A).

If you have any questions regarding the routing of a specific order, please contact your Financial Advisor.